Description
BSE announces the schedule of activities for Infosys Limited's buyback offer of up to 10 crore equity shares at Rs. 1800 per share, scheduled from November 20-26, 2025.
Summary
BSE has announced the complete schedule for Infosys Limited’s buyback offer through the Acquisition Window mechanism. The offer will be open from November 20, 2025 to November 26, 2025, allowing eligible shareholders to tender up to 10 crore equity shares at Rs. 1800 per share. Trading members and custodian members must use the iBBS platform and RTRMS for bid processing during specified session timings.
Key Points
- Security Details: Infosys Limited (Symbol: INFY, Scrip Code: 500209, ISIN: INE009A01021)
- Offer Size: Up to 10,00,00,000 (10 crore) equity shares
- Offer Price: Rs. 1800.00 per share (Face Value: Rs. 5.00)
- Offer Period: Thursday, November 20, 2025 to Wednesday, November 26, 2025
- Market Lot: 1 share
- Bid Session Timings: 9:15 AM to 3:30 PM (except take-up on last day till 4:00 PM)
- Eligible Categories: FII, Financial Institutions, Mutual Funds, Insurance Companies, Other QIBs, Other NIBs, Companies, and Individuals
- Trading members can only bid for investors holding shares in demat form
- UCC registration with correct PAN number and category is mandatory
Regulatory Changes
No new regulatory changes introduced. This circular follows existing OTB framework as per Exchange Notices No. 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).
Compliance Requirements
- Trading Members: Must ensure investor UCC is registered/updated with correct PAN and category in Exchange UCC database
- Custodian Members: Must note the activity schedule and ensure proper bid processing
- Bid Processing: Members must use iBBS platform (Internet: https://ibbs.bseindia.com/ or Leased Line: https://ibbsll.bseindia.com/)
- RTRMS Access: Required for transaction processing (Internet: https://rtrms.bseindia.com/ or Leased Line: https://rtrmsll.bseindia.com/)
- Extranet Access: For bid acceptance files after issue closure (Internet: https://member.bseindia.com/ or Leased Line: https://memberll.bseindia.com/)
- Demat Requirement: Only investors with shares in demat form are eligible to participate
- No End of Issue files will be generated if no securities are accepted
Important Dates
| Activity | Date | Time |
|---|---|---|
| Offer Opening Date | November 20, 2025 | 9:15 AM |
| Bid Offering Period | November 20-26, 2025 | 9:15 AM - 3:30 PM |
| Bid Modification/Cancellation | November 20-26, 2025 | 9:15 AM - 3:30 PM |
| Give-up/Take-up Period | November 20-25, 2025 | 9:15 AM - 3:30 PM |
| Give-up (Last Day) | November 26, 2025 | 9:15 AM - 3:30 PM |
| Take-up (Last Day) | November 26, 2025 | 9:15 AM - 4:00 PM |
| Offer Closing Date | November 26, 2025 | 3:30 PM |
Impact Assessment
Market Impact: High - This is a significant corporate action involving one of India’s largest IT companies with a buyback size of up to 10 crore shares valued at Rs. 18,000 crores at the offer price. This will likely impact Infosys stock liquidity and price during the offer period.
Operational Impact: Medium-High - Trading members and custodians must ensure their systems, login credentials, and investor databases are ready for the 7-day offer window. The circular provides detailed contact information for technical support across multiple systems (iBBS, RTRMS, Extranet).
Investor Impact: High - Eligible Infosys shareholders have the opportunity to tender their shares at Rs. 1800 per share, which represents a premium/discount depending on prevailing market prices. Multiple investor categories (institutional and retail) can participate.
Timeline Sensitivity: Critical - The offer opens November 20, 2025, giving members limited time to prepare systems and inform clients. The compressed 7-day window requires efficient coordination between trading members, custodians, and investors.
Impact Justification
Major corporate action involving buyback of up to 10 crore shares of Infosys at Rs. 1800 per share, requiring immediate action from trading members and custodians within the November 20-26, 2025 window.